Page 69 - Mansfieldr FY20 Approved Budget
P. 69
Projected Sales Tax
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Franchise Fee Assumptions
Table 5
Table 5 estimates the franchise tax collected on electricity, gas, phone and cable services.
Tax Franchise Estimated Percent Estimated
Year Tax Increase Increase Total
2020 6,414,079 6,414,079
2021 6,414,079 192,422 3% 6,606,501
2022 6,606,501 198,195 3% 6,804,696
2023 6,804,696 204,141 3% 7,008,837
2024 7,008,837 210,265 3% 7,219,102
2025 7,219,102 216,573 3% 7,435,675
2026 7,435,675 223,070 3% 7,658,746
2027 7,658,746 229,762 3% 7,888,508
2028 7,888,508 236,655 3% 8,125,163
2029 8,125,163 243,755 3% 8,368,918
Projected Franchise Tax
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
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